Tom Clementi is to step down after four years in the top spot

Lloyd’s (re)insurer MS Amlin Underwriting has appointed Johan Slabbert as its new chief executive, subject to regulatory approval.

Slabbert, who is due to start in his new position from 1 November, is succeeding current boss Tom Clementi, who has been leading the business for the past four years. Clementi will step down on 31 October, however he will remain with the insurer until the end of the year to ensure a smooth transition.

Clementi wishes to pursue other opportunities outside of MS Amlin Underwriting.

He originally joined MS Amlin in 2007 and has held a number of leadership roles across the MS Amlin group of companies over the last decade.

Industry experience

Slabbert, who first joined MS Amlin Underwriting in May as non-executive director and chairman of the board, has two decades of relevant leadership experience to bring to his new post – he has held several chief executive and chief financial officer roles.

During his career, he has worked at AIG, Chaucer Limited and Augustus Specialty LLC. He has also acted as the chairman of Mitsui Sumitomo Insurance Company (Europe) since 2017.

In transitioning to the chief executive role, Slabbert will step down as chairman of MS Amlin Underwriting’s board. Martin Hudson, currently a non-executive director and chair of the Underwriting Oversight Committee, will act as interim chairman, subject to regulatory approval.

Future success

Tamaki Kawate, director and senior executive officer at Mitsui Sumitomo Insurance Company Limited, said: “We would like to take this opportunity to express our sincere thanks to Tom, who has played a vital role as [chief executive] in transforming and reshaping the business in challenging circumstances and laying the foundations for MS AUL’s future success.

“We are immensely grateful for the dedication, expertise and leadership he has demonstrated throughout the years and wish Tom every success in his next endeavour.

“With the foundations in place for us to build a world-class (re) insurance business in MS AUL, we are pleased that Johan has agreed to become [chief executive].

“Johan is a recognised leader in the insurance sector with rich international experience and a strong track record of successfully managing and delivering growth for high-profile businesses.

“His industry experience, expertise and strong leadership capabilities will be integral to supporting the business as it builds a modern, relevant, profitable and client-focused business specialising in complex specialty and reinsurance risks.”